Day: January 22, 2021

Ethereum Could See an Explosive Move Higher Following Massive 20% Surge

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Ethereum has been trading as a higher beta asset to Bitcoin as of late, closely tracking the benchmark crypto but seeing more drastic movements Last night’s Bitcoin selloff proved to be somewhat dire for ETH, with it sending the cryptocurrency down to lows of $1,040 This decline marks a 30% retrace from ETH’s recent highs of $1,450 that were set just a few days back In the time since these lows were set, however, Ethereum has posted a strong v-shaped recovery that could mark a macro bottom One trader spoke…

Price analysis 1/22: BTC, ETH, DOT, XRP, ADA, LTC, LINK, BCH, BNB, XLM

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Bitcoin price has rebounded above a key trendline but resistance at higher levels may limit the recovery in altcoins. Aggressive profit-booking sent Bitcoin (BTC) spiraling below $29,000 on  Jan. 21 but was this a sign that institutional investors dumped their positions? This is one of the main questions bothering traders because large institutional inflows primarily led the run-up to $42,000. Cointelegraph contributor Marcel Pechman analyzed derivatives data from various exchanges, which showed professional traders might have purchased at lower levels. The fall seems to have particularly hurt the excessively leveraged…

Coinbase to List Hedera Hashgraph (HBAR) Soon? AltCoins Bull, Most Undervalued Crypto Sleeping giant

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hedera is a decentralized public network for you to make your digital world exactly as it should be – yours. Whether you’re a startup or enterprise, a creator or a consumer, Hedera goes beyond blockchain for developers to create the next era of fast, fair, and secure applications. The Hedera Consensus and Token Service take advantage of the high-throughput, low latency features of the network, running at the native performance of the network’s underlying hashgraph protocol. ▶ Coinbase Website: Coinbase.com ▶ CEX…

Bitcoin Seen as the Largest Bubble but ‘Tesla More Vulnerable’ — Deutsche Bank Survey – Bitcoin News

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Deutsche Bank has conducted a survey about financial bubbles. Eighty-nine percent of respondents see some bubbles in financial markets, with bitcoin near the “extreme bubble” territory. However, more respondents expect the cryptocurrency to double than they do Tesla’s stock. Deutsche Bank’s Bubble Survey A survey published Tuesday by Deutsche Bank asked 627 market professionals to rate on a scale of zero to 10 how they see financial bubbles in a range of assets. According to CNBC, the survey was conducted between Jan. 13 and Jan. 15. The bank found that…

This Bitcoin Dip Was Not Caused by FUD

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While there was plenty of FUD flying around, it wasn’t the real reason prices pulled back so significantly. This episode is sponsored by Nexo.io. Today on the Brief: Home sales up, home supply down Biden’s first test on the stimulus Euro pessimism Our main discussion: Why the bitcoin dip wasn’t caused by FUD. Anyone paying attention this week had reasons for frenetic worry. Janet Yellen’s comments on criminal activity. Persistent questions around Tether. A non-story about a double-spend that got amplified by mainstream media. In this episode, NLW argues that…

Bear Trend Begins To Take Hold In Bitcoin For First Time Since October 2020

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Bitcoin price has now pulled back a full $13,000 from 2021 high to low. Yesterday’s massive bearish, red candle is one obvious sign that the trend is turning. However, a technical analysis tool used to gauge the strength of trends also confirms that bears have taken over the reigns from bulls and it could lead to a short-term downtrend. Bitcoin Bears Regain The Upper Hand, Reclaim Crypto For First Time Since October Bitcoin is undeniably in an uptrend, and according to comparisons with past market cycles, things are only just…

Jim Cramer Tells $731M Powerball Winner to Put 5% in Bitcoin

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Stock-picking personality Jim Cramer recommended that the unknown winner of Wednesday’s $731 million Powerball jackpot allocate 5% of their newfound fortune in bitcoin. “You know what, if you won the lottery – Yes, I’m gonna say it: 5% in Bitcoin,” Cramer said Thursday night on his Mad Money program. His advice came with a few caveats: Don’t buy it all at once, don’t buy it on the weekend. “Crypto could be incredibly volatile,” he said on a day when bitcoin tanked 13%. Cramer identified bitcoin as an “important new store…

THIS is BAD!!! BITCOIN BUBBLE ABOUT TO POP?!! ⚠️Crypto TA Today & BTC Cryptocurrency Price Dump News

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin Price Analysis & Crypto News! 👍 THUMBS UP & SUBSCRIBE NOW + 🔔! *** VIP PRIVATE TRADE ALERTS – *** ******* VIP ELITE TRADE ALERTS ******* ************** 2020 VIP ELITE INFO:************** 🚨 VIP PRIVATE TRADE ALERTS – ************** Is the Bitcoin (BTC) price potentially about to see a bubble pop dump, in my opinion?! Let’s discuss this live today and some cryptocurrency trading technical analysis (TA) + speculative price prediction(s) + current 2020 market news for cryptos in today’s video/live stream!…

Harvard crypto skeptic calls Bitcoin a ‘hedge against dystopia’

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Often touted as a store of value or hedge asset, Bitcoin (BTC) has gained significant mainstream adoption over the past several months. Kenneth Rogoff, a public policy and economics professor at Harvard University, doubts the asset’s success, however.  “I can see Bitcoin being used in failed states,” Rogoff said in a Bloomberg interview on Thursday, adding: “It’s conceivable, you know, it could have some use in a dystopian future, but I think the governments are not going to allow pseudonymous transactions on a big scale. They’re just not going to…

Bank payments going global with stablecoins and CBDCs, Jan. 15–22

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Editor’s note It may be too late for resolutions and too early for Lent, but lacking any discrete occasion, I would still like to give up United States political news for a while, or at least for the duration of one Law Decoded.  Fortunately, in the spirit of going international and leaving the bonkers election cycle of the U.S., blockchain technology and stablecoins are playing a major role in the latest developments in cross-border payments and settlements. It’s long been one of the most talked-about applications of blockchain technology. Diplomatic…